Global wind and solar developer Mainstream Renewable Power named Mary Quaney as its new CEO after former boss Andy Kinsella resigned.

Quaney, a long-serving executive at the Ireland-based developer, was previously its chief financial officer and replaces Kinsella, who had held the top job since 2016.

The change of CEO comes at a pivotal time for Mainstream, which earlier this year invited bids from potential equity investors that it said could result in a controlling stake being sold.

Founder, chairman and current majority shareholder Eddie O’Connor said: “Mary brings significant experience and a record of success that will be critical as we continue to build the company across the world as the transition to renewable energy accelerates.”

Mainstream has a near-12GW asset portfolio, including 1.2GW currently in construction, according to data on its website.

Under Kinsella, Mainstream grew a portfolio onshore wind and solar project interests spanning Africa, the Americas and Asia, and retains ambitions in the offshore wind industry despite selling its final UK project to EDF in 2018.

In late 2019 Mainstream announced a cooperation deal with Italian oil group Eni, with an initial focus on UK offshore wind development.

No reason was given for Kinsella's departure in a statement announcing the appointment of Quaney.

O'Connor said: “Andy brought a passion and commitment to the senior roles he fulfilled at Mainstream. He has left the company in great shape with a very accomplished senior management, led by Mary Quaney, poised to advance further the company’s ambitions.”

Wind

New CEO at Mainstream Renewable Power as Kinsella quits